If you’re 65 or older and have owned your Colorado home for a long time, you may qualify for the senior property tax exemption. Many people who qualify never apply. Here’s the 30-second version.
I’m a real estate broker, not a CPA, financial advisor or lawyer. Exemption rules are set by the state and handled by your county assessor, so confirm the details with your county.
3 things to know
1. Who qualifies
Generally, you’re 65 or older as of January 1, you’ve owned the home for at least 10 consecutive years, and it’s your primary residence.
2. Apply once
Get the application from your county assessor. The window is January 1 to July 15. Once approved, it generally stays in place until the home changes ownership.
3. Moving? Ask first
Selling usually ends the exemption, so ask your county assessor how a move affects it before you list.
Read the full guide: Colorado Senior Property Tax Exemption: Who Qualifies and What Happens When You Sell.
Thinking about your next move?
I help long-time owners plan a move without rushing. Call (720) 403-2940, text Adrienne at (303) 597-8720, or reach out here.